Semi-Markov Risk Models for Finance, Insurance and Reliability PDF
440 Pages·2010·3.489 MB·English
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Everyone working in related fields from applied mathematicians to statisticians to actuaries and operations researchers will find this a brilliantly useful practical text. The book presents applications of semi-Markov processes in finance, insurance and reliability, using real-life problems as examples. After a presentation of the main probabilistic tools necessary for understanding of the book, the authors show how to apply semi-Markov processes in finance, starting from the axiomatic definition and continuing eventually to the most advanced financial tools.
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Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.
